For

Financial Mirror (Cyprus) - - FRONT PAGE -

sys­tems on TV shows and in in­ter­views. ADT has re­cently reached a set­tle­ment with the Federal Trade Com­mis­sion on the mat­ter.

8. hh­gregg (elec­tron­ics re­tail) CEO ap­proval rat­ing: 36% (Den­nis L. May) Em­ploy­ees: 6,100

hh­gregg Inc. (NYSE: HGG) is a 58-year old elec­tron­ics and home fur­ni­ture re­tailer with 228 stores. Em­ploy­ees largely had neg­a­tive views of the com­pany, of­ten crit­i­ciz­ing its com­mis­sion-based com­pen­sa­tion model. For­mer and cur­rent sales staff also in­di­cated that the com­mis­sion struc­ture, which re­warded em­ploy­ees for sell­ing highly prof­itable items, of­ten felt ar­bi­trary or un­fair. hh­gregg has failed to im­press share­hold­ers as well. The com­pany has strug­gled with de­clin­ing sales and earn­ings of in re­cent years. Its shares fell more than 40% in the past year alone, even as the broader stock mar­ket has risen sub­stan­tially in that time.

9. Fam­ily Dol­lar Stores (dis­count re­tail) CEO ap­proval rat­ing: 39% Em­ploy­ees: 58,000

Like many re­tail op­er­a­tions, Fam­ily Dol­lar Stores Inc. (NYSE: FDO) of­fers en­try-level work­ers low-pay­ing high-stress em­ploy­ment. Fam­ily Dol­lar has added hun­dreds of stores in the past sev­eral years, reach­ing a to­tal of 8,100 U.S. re­tail out­lets. Ac­cord­ing to nu­mer­ous em­ployee re­views, how­ever, these new stores are the most likely to be poorly run with prod­uct short­ages and over­all chaotic man­age­ment.

Fam­ily Dol­lar’s CEO Howard R. Levine re­ceived a 39% ap­proval rat­ing, hardly spec­tac­u­lar but bet­ter than a num­ber of peers run­ning com­pa­nies with the low­est em­ployee re­views. How­ever, the opin­ion that mat­ters most may be that of famed ac­tivist in­vestor Carl Ic­ahn, who re­cently dis­closed a siz­able stake in the dis­count re­tailer. Ic­ahn has an­nounced that he will push for Fam­ily Dol­lar to sell it­self via an ac­qui­si­tion or share­holder buy­out.

10. Chil­dren’s Place (cloth­ing re­tail) CEO ap­proval rat­ing: 27% (Jane Elfers) Em­ploy­ees: 16,500

Gen­er­ous em­ployee ben­e­fits - such as up to 30% off in­clud­ing clear­ance items - con­trib­uted to nu­mer­ous pos­i­tive re­views for The Chil­dren’s Place Inc. (NAS­DAQ: PLCE). Such perks, how­ever, did lit­tle to off­set com­plaints re­gard­ing low pay and dif­fi­cul­ties in get­ting ad­e­quate hours. The com­pany’s CEO is un­pop­u­lar. Ac­cord­ing to Glass­door.com re­views, just over one in four em­ploy­ees ap­prove of the way CEO Jane Elfers is run­ning the com­pany. Share­hold­ers, too, are likely un­happy with the com­pany. Rev­enues have been flat in re­cent years, while earn­ings per share have de­clined in each of the past four years. Over the past year, the com­pany’s share price has dropped by about 4.5%, even as the stock mar­ket has largely risen.

11. Ra­dioShack (elec­tron­ics re­tail) CEO ap­proval rat­ing: 46% Em­ploy­ees: 27,500

Ra­dioShack Corp.’s (NYSE: RSH) abysmal per­for­mance in re­cent years has re­flected poorly on se­nior man­age­ment. Em­ploy­ees rated se­nior man­age­ment 2.2 out of a pos­si­ble 5.0 and less than half ap­prove of CEO Joseph Mag­nacca. Many re­views cited low wages and poor ben­e­fits, con­di­tions that of­ten lead to em­ployee dis­sat­is­fac­tion. While en­try-level re­tail as­so­ciates com­plained of in­ad­e­quate hours, the op­po­site was true for store man­agers. One re­viewer said that, con­sid­er­ing the long hours man­agers put in, the in­creased salary isn’t re­ally much higher. Af­ter a $400 mln loss last year for the sec­ond con­sec­u­tive year, Ra­dioShack said it could close more than 1,000 of its re­tail out­lets this year, roughly a quar­ter of its U.S. com­pany-op­er­ated stores. De­spite Ra­dioShack’s ef­forts to re­main com­pet­i­tive in the ever-evolv­ing elec­tron­ics in­dus­try, the re­tailer is near­ing ir­rel­e­vancy. Ac­cord­ing to The Wall Street Jour­nal, 25% of all elec­tron­ics pur­chases were made on­line in 2013.

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